Very quickly, when there is a trade dispute like the one we're seeing, and we have to put 20% to 25% of tariffs on the side, that's money that the industry cannot pass over. We've been lucky so far that the price of wood in the United States has increased, but that also means it's 20% or 25% that we could have reinvested in our facilities or in new products, and we can't. It is removing capital from our companies.
We're also super concerned about the newsprint and paper countervailing duties that are supposed to be announced in January. If those go through, it means that pulp and engineered wood are pretty much the only things that are not countervailing from the United States. That is very, very concerning. That goes into diversifying our sector. We need to be able to make different things than just the typical pulp and paper, newsprint, and lumber.
One of the key issues involves support. There's some support right now with embassies in showing our products. Canada Wood does some work in Japan, for example, on demonstrations. We feel that because of all the help from FPInnovations we can make those biomaterials, but we need help convincing Nestlé, Danone, and all those people to absorb that kind of product. There are no current programs that are tailored to that.
As I said, we put a lot of money into capital investments. Don't eliminate that, but maybe take a portion of money there, allow a joint venture, like a wood product company with a plastics company, to do internal testing to see if it works, and help take away the risk from the federal government.